The credit card sign-up bonus of the year is no doubt on the Citi Executive AAdvantage Card. The card presently has a 100,000 mile sign-up bonus after spending $10,000 within three months. While that’s a high minimum spend, it’s one hell of a credit card sign-up bonus. That’s especially true since I consider American miles to be among the most valuable mileage currencies (my personal valuation is ~1.8 cents per mile).
The other catch is that the card has a $450 annual fee, though it comes with a $200 statement credit with the first month’s statement, so in reality the annual fee is $250.
Why is Citi offering such a big sign-up bonus on the Executive AAdvantage Card?
Probably because as of March 22, 2014, American Express Platinum cardmembers no longer get access to American Admirals Clubs, so this is now the only credit card that comes with Admirals Club access. So it’s not surprising that they’re trying to gain market share in the “premium” credit card market and incentivize people to sign-up now.
Earning the sign-up bonus on the Citi Executive AAdvantage Card more than once
Shortly after the offer went live in late January I applied and was instantly approved. What’s interesting is that there are many reports from people that had success being approved for a second card. Not only that, but everyone I’ve heard from that has completed minimum spend on the second card has also received the 100,000 mile second sign-up bonus.
So I decided to apply for the card again yesterday, without canceling my previous card or anything.
In general with Citi applications you want to wait at least eight days from your first application before applying for another Citi card, and 65 days from the first day before applying for a third Citi card. So that means if you want to pick up a second card, wait at least eight days between Citi applications.
My experience applying for a second Citi Executive AAdvantage Card
So yesterday I decided to apply for a second Citi Executive AAdvantage Card, and got an “Application Received” message upon completing the application. For what it’s worth, I believe this is standard when applying for a second card.
I called the phone number on the “Application Received” page and was quickly connected to an agent that took a few minutes to review my application and then came back and approved me for the card. She didn’t even mention that I already had the card, and didn’t make me switch around credit lines, even though I already have lots of credit with Citi.
Others report having to switch around credit lines, though oddly they don’t seem to question people on why they want a second card.
There’s some risk in applying for a second card
As of now I haven’t seen reports of anyone not receiving a bonus on the second card. Admittedly a lot of people have applied for a second card, though haven’t yet reached the $10,000 minimum spend. Of course things can change, and ultimately the potential downside is one credit pull and $250. To me that’s worth the risk for a $1,550 “reward” ($1,800 worth of miles minus the annual fee of $250 after factoring in the statement credit). I’d recommend keeping an eye on this FlyerTalk thread about the 100K sign-up bonus to get a sense of the most recent data points.
Have you applied for the Citi Executive AAdvantage Card yet? Have you applied for a second Citi Executive AAdvantage Card? If so, what has been your experience?